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February 15, 2018 8:30 AM PH economy buttressed by 5% remittance hike in 2017, says BSP

Personal remittances from expatriate Filipinos posted a new record high at $3 billion in December 2017, representing an expansion of 7.9 percent relative to the level recorded in the same month last year. This brings the cumulative personal remittances level for January to December 2017 to $31.3 billion, 5.3 percent higher than the $29.7 billion level 4

February 13, 2018 10:24 AM Recto wants Senate inquiry into proposed hike in SSS contribution rate

Senate President Pro Tempore Ralph Recto filed on Monday a resolution calling for an inquiry into the proposed increase in the contribution rate of Social Security System (SSS) members. Senate Resolution No. 621 recommends that the proposed increase “be held in abeyance” until a comprehensive review of Republic Act No. 1161 or the Social Security Law is conducted 7

February 9, 2018 10:00 AM Youth group, students slam CHEd for impending tuition hike

Dozens of youth and students trooped to the Commission on Higher Education (CHEd) on Friday to condemn the impending increase of tuition and other school fees (TOSF) in about 400 higher educational institutions (HEIs) nationwide. The protesters, led by the National Union of Students of the Philippines (NUSP), also denounced the continuing collection 6

February 6, 2018 6:17 AM BSP on guard against price spikes as inflation hits 3-year high

The sudden spike in prices of goods and services in the Philippine economy is a “temporary” phenomenon that central bank planners expect to stabilize eventually, the country’s top monetary official said on Tuesday. In a statement, Bangko Sentral ng Pilipinas Gov. Nestor Espenilla Jr. said the January inflation rate – which, according to government, hit a three-year 9

February 6, 2018 3:33 AM Bangko Sentral ready with 'timely action' after inflation hits 3-year high

MANILA - The Bangko Sentral ng Pilipinas is ready to take "timely action" after inflation in January hit the top end of its forecast, Governor Nestor Espenilla said Tuesday. Consumer prices rose 4 percent last month, the highest since October 2014 and exceeding analysts' forecast of 3.5 percent. Higher taxes on fuel, sugar-sweetened drinks and cars under 7

February 3, 2018 4:00 PM BSP likely to keep policy rates steady

MANILA, Philippines — The Bangko Sentral ng Pilipinas (BSP) may hold off a rate hike this week but is seen to shift to a more decisive, hawkish tone in preparation for an eventual hike in March, investment bankers said. Nomura economist Euben Paracuelles said inflation likely kicked up to 3.8 percent last month from 3.3 percent in December 16

February 3, 2018 12:24 PM Presyo ng petrolyo, inaasahang tataas muli sa susunod na linggo

Bad news para sa mga motorista dahil may oil price hike muli sa susunod na linggo. Ito na ang ika-anim na sunod na linggong may dagdag-presyo sa petrolyo. Maglalaro sa P0.50 hanggang P0.70 kada litro ang magiging dagdag sa presyo ng gasolina habang nasa P0.30 hanggang P0.40 naman ang dagdag sa presyo kada litro ng diesel, at P0.50 hanggang P0.60 sa kerosene 3

February 1, 2018 8:59 AM SSS: Raising members’ contribution to address pension inequity with GSIS

Raising the contribution rate of Social Security System (SSS) members to 14 percent would make the pension fund for private workers at par with that of government employees, Social Security Commission chair Amado D. Valdez said Thursday. “We are pushing for a gradual increase in the contribution rate and monthly salary credit (MSC) because we want pension 3

January 30, 2018 3:54 PM Meralco expects higher rates next month

MANILA, Philippines — Manila Electric Co. (Meralco) expects electricity rates to go up next month as capacity fees from power generators start to normalize along with factors pushing up the generation charge. “We may recall that the January generation charge reduction was largely due to lower capacity fees following the annual reconciliation of outage 10

January 20, 2018 10:57 AM Presyo ng petrolyo, muling tataas

Tinatayang magkakaroon muli ng dagdag-presyo sa produktong petrolyo sa susunod na linggo. Maglalaro sa P0.30 hanggang P0.40 kada litro ang itataas ng presyo ng gasolina habang P0.40 hanggang P0.50 naman ang sa diesel at kerosene. Mula Enero 1 hanggang ngayon, P1.75 na ang iminahal ng diesel habang piso naman sa gasolina dulot ng pagmahal ng imported 6